LEASEHOLD INTERNET CAFE, BIRMINGHAM - PRICE REDUCED
Price:
Leasehold - £20,000
Location:
West Midlands , Birmingham
Business Type:
Retail businesses
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £36,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential. A revamp is needed and potential to sell food on premises.
- Local news paper marketing is being done for the business at present.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market a internet cafe which has been established since 2002. The business has been in the hands of the current since inception and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides computer repairs.
Staffing
The concern employs 1 staff. Both are full time. They are paid at the rate of £125 per week. All staff would stay on after a sale.
Owners Role
The owners’ role is hands on and manages the business.
Marketing
The owner doesn’t do any marketing at present.
Competition
As far as competition is concerned there is o competition in the area.
Market
The client base consists of regulars mainly and occasional passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include longer hours and opening Sundays.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Selling food and drink on the premises.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The front is branded. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
There is a toilet and staff facilities and a fully equipped kitchen.
First Floor
On the first floor there is store room.
Second Floor
On the second floor there is shop floor.
Financial Details
The present turnover is £36,000 per annum with a gross profit of 50%. The wages are £120 per week.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
- Situated in the area of Halesowen in Birmingham.
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Surrounded by a densely populated residential area with schools and other local amenities.
- Local population consists of a mixed clientele.
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of pedestrian flow
- Commercially thriving area
- Well linked with railway links.
The original length of the lease was 10 years with 2 years remaining. The rent is £6,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £1563.
Monday to Saturday: 9:00-6:00pm. Sunday: 11:00-5:00pm
North Yorkshire
£ 750,000
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